Focusing on industrial average return is good for wealth creation. Most of the time, when trying to double the money by each results in havoc. The wealth creation turns into a rollercoaster of ups and downs and finally yielding to a huge loss. We tend to put money based on the momentum and by the time we put this, it will be over and might turn to the distribution stage. Since the long term vision is now way nearer, then it will be hard to sustain at worst stages.
Genuine conviction is invariably born from firsthand experience. This is because, innately, our belief systems are wired to accept anything that can be perceived through our sensory experiences, a trait that evolved during our ancestral hunting epochs. Once we acquire such direct experiences, no further evidence is required to cement our belief. These experiences thus become the compass by which we navigate our existence. Hence, the optimum method of learning is through experimentation and introspection, for knowledge acquired in this manner becomes deeply embedded within our psyche, imparting indispensable lessons for personal development and growth. Predominantly, our learning derives from the direct experiences of others who possess a profound understanding and apply this wisdom to enhance their lives. Regrettably, we often fail to leverage this wealth of knowledge to our own advantage.
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